HomeMy WebLinkAboutRESOLUTIONS - 01011967 - 1967-587 RESOLUTION NO. 67/587
SELLING $40,000 P'RINCIP'AL AMOUNT OF
CONTRA COSTA COUNTY STORM DRAINAGE
DISTRICT ZONE NO. 16 BONDS, ISSUE OF
1965s SERIES B
WHEREAS,, the Beard of Supervisors of the Contra
Costa County Storm Drainage District heretofore by resolu-
tion duly authorized the issuance of $40,000 principal
amount of bonds of the Contra Costa County Storm Drainage
District designated "Contra Costa County Storm Drainage
District Zone No. 16 Bonds, Issue of 1965, Series 'B" , all
dated August 15, 1967 , and further duly authorized the
sale of said bands at public sale to the highest and best
bidder therefor; and
WHEREAS, notice of the sale of said bonds has been
duly given in the manner prescribed by said resolution and
the following bids for said bonds were and are the only bids
received by said Board of Supervisors, to wit :
Net Interest Cost
Name of Bidder to District
Wells Fargo Bank $8,543
Bank of ,Merica N.T. S.A. 8 646
and Associates
AND WHEREAS, the said bid of 1e11s Fargo Sank
is the highest bid for said bonds , considering the interest
rate(s) specified and the premium offered;
NOW, THEREFORE, BE IT RESOLVED AND ORDERED by the
Board of Supervisors of Contra Costa County Storm Drainage
District , as follows :
1. Said bid of *,fells _Eargo Ba
for $40,000 par value of said bonds shall be and is hereby
accepted and the Treasurer of the County of Contra Costa is
hereby authorized and directed to deliver said bonds to said
purchaser thereof upon payment to said Treasurer of the pur-
chase price, to wit : Said par value thereof and a premium
of $ 1.Q0 , together with accrued interest at the follow-
Ing rate(s) :
Bond Numbers (inclusive) Interest Rate
(All Bearing prefix "B") Per Annum
B»1 to B-40 4 3/4 %
to %
to %
to
to
Said bonds shall bear interest at the rate(s ) hereinabove set
forth, payable annually the first year on August 15, 1968,
and thereafter semiannually on February 15 and August 15 of
each year.
2 . All bids except the bid of W _l la argQ Bares
are hereby rejected and the County Treasurer is hereby ordered
and directed to return to the unsuccessful bidders their
several checks accompanying their respective bids .'
2 P"6 J5857
3. The Clerk of said District is directed to cause
to be lithographed, printed or engraved a sufficient number
of blank bonds and coupons of suitable quality, said bonds
and coupons to show on their face that the same bear inter-
est at the rate(s ) aforesaid.
. This resolution shall, take effect from and after
its passage and approval..
PASSED AND ADOPTED this 15th day of August, 1967
by the following vote:
A'C'ES. Supervisors Janes P. Kenny, Alfred N. Dias,
,Tames E. Moriarty, Thomas John Coll,
Edmund A. Linscheid.
NOES: None.
ABSENT: None.
Z .
Z� l
Chairman of the Board of Superv°isor—s
of Contra Costa County Storm Drainage
District
Attest:
[SEAL] d
C erk of Contra. Costa County
Storm Drainage District
By Aileen Elder
Deputy
RESOLUTION NO. €7/587
3
CLERK'S CERTIFICATE
I, W. T. PAASCH, Clerk of CONTRA COSTA COUNTY STORM
DRAINAGE DISTRICT, do hereby certify that the foregoing is a
full, true and correct copy of a resolution duly adopted at a
regular meeting of the Board of Supervisors of said District
duly and regularly and legally held at the regular meeting
place thereof on the 25th day of July, 1967, of which meeting
all of the members of said Board had due notice and at which
a majority thereof was present; that at said meeting said
resolution was introduced by Supervisor S. A. Lins,haid and
read in full, and was thereupon, upon motion of Supervisor
A, iia, ilia$ , seconded by Supervisor J. Int ri y
adopted by the following vote:
AYES: Supervisors James P. Kenny, Alfred M. rias,
James E. Moriarty, Thomas Jahn Coli.,
Edmund A. Linsoheid.
NOES: None.
ABSENT: None.
That I have carefully compared the same with the
original minutes of said meeting on file and of record in
my office and that said resolution is duly entered of record
in said minutes, and said resolution is a full, true and
correct copy of the original resolution adopted at said meet-
ing and entered in said minutes ; that said resolution has
not been amended, modified or rescinded since the date of
its adoption and the same is now in full force and effect .
WITNESS my hand and the seal of said District this
15thday of 9t1967.
[SEAL]
W. T. PAA CH:
Clerk of Contra, Crista County
Storm Drainage District
By Aileen Elder
Deputy Clerk
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